insurance company ceo salaries
Dateline Washington, October 19 (get it?) 2010: the Peoples Bank and Trust of America has established itself as the only bank of any kind in the U.S., belonging in full and Managed by the U.S. House of Representatives.
2 / 3 majority must now approve all investment banking transactions, and staff your district representative reviews individual mortgage applications, and all 401 (k), IRA, and remaining employer pension assets have been transferred to the Social Security Fund, Slush.
Only federal and state elected officials are exempt from the 45% of all income tax purposes. The estimated time to bring new public enterprises is 4.5 years, all individual account dividends and interest are paid directly into your IRS grabber "account, CEO salaries are limited to 50% of the amount paid to a freshman congressman, and government budget shortfalls are withdrawn from corporate earnings before the obligations of companies can be treaties.
All employees receive the federal mandated minimum wage, except senior executives who are limited as mentioned above. Scary? This is a scenario that could play if Congress (or SEC) did not come to rescue the credit markets. You lost your chance to help stop, but is likely that a solution is underway.
How many more businesses, jobs, and expected to be killed by this irresponsible Congress? When the average blogger realize that when a business fails, we all suffer? One might think that the information and enlightened could take time away from his text for a little research and education. On the contrary, to demonstrate its power to influence public opinion and the numbers of the marshmallow politicians who worship them.
As an economist Irwin Kellner and I said, not the rescue and we are not close to approaching a recession. Kellner September 28 market, the article points out of ten View differences between then and now: (1) In 1929, the Dow fell 40% in two months vs. around 30% in one year.
(2) In 1933, the unemployment rate was 33% vs. 6% today. (3) GDP contracted by 25% then, but has increased 6% now. (4) Consumer prices fell below 30%, but not from then. (5) home prices dropped 30% then, but only 16% from recent highs bubbles.
(6) 40% of all mortgages were at their defect below for only 4% today. (7) 9,000 failed banks in the 1930s compared with those based on only 25 or so (more larger and larger) recently. (8) The Federal Reserve cut the money supply, (9) raised interest rates, and (10) raised taxes on imports foreign.
Further, Kellner points out, we now have automatic stabilizers, deposit insurance, and marketing restrictions the market as protective elements. Congress today however, has never been good at connecting dots, has accomplished nothing under an unpopular president, and is ignoring her role as the primary creative force in today's problems.
This transfusion is needed because:, bad laws have obscured the values on financial statements of the institution, and have developed a clot in the arteries of credit that kept the economy alive.
Educate on accounting rules that require institutions to reserve assets to pay pennies on the dollar. Find out why institutions are afraid to lend to others at night — at any rate — Strangling the credit markets.
Doing nothing is killing jobs, killing companies, and deferred pensions for those who had with 401 (k) and IRA dollars to provide them income. Congress, of course, has a pension plan of the former and therefore not affected by these financial realities.
To investigate the relaxation of lending standards that Congress organized in the past administrations, before blaming the companies that then extended credit to the speculators, and many other buyers who falsified application documents. Learn how the SEC was prohibited from regulating the CDOs and other multiple leverage speculation credit market. There are many culprits and outside the corporate executive suite and the same.
Congress is full of pride over bringing some of the rich and famous to the knees, and limiting some of their obscene compensation arrangements still looting levels of shareholders. I have spoken many times about how these salaries need to be controlled. However, the multi-level marketing schemes mortgage-that Congress encouraged must be unbundled somehow, and buy is the proper vehicle.
Congress has punished the world with its attack on Wall Street, and both sides are to blame. Representatives of the States listed below voted "no" to the credit transfusion, causing death and destruction that, in many cases can not be retrieved. We have to replace them with those responsible better decision, representatives who can think in economic terms when they have to.
The number and letter code after state designation indicates the number of representatives and their party: AL-1R, AK-1R, AZ-4D4R, CA-15D9R, CO-2D2R, CT-1D, FL-1D13R, GA-4D7R, HI-2D, ID -1R, IL-4D5R, IN-3D3R, 1D2R IA-KS-1D2R, KY-2D2R, LA-2D3R, ME-1D, MD-2D1R, MA-3D, MI-3D6R, MN-2D2R, MS-3D, MO-2D3R, MT – 1R, NE – 3R, NV-1D1R, NH-2D, NJ-3D4R, NM-1D1R, NY-3D1R, NC-3D5R, OH-3D7R, OK-3R, OR-3D, PA-3D7R, SC-1R, SD-1D, TN-1D4R, 8D14R TX-UT-1D1R, VT-1D, VA-1D5R, WA-1D3R, WV – 1R, WI 1D2R (names withheld but available from the author.)
Power on Friday evening, candidates Obama and McCain gave their support for capital infusion, but neither bothered to explain why — a huge audience was ready to absorb information. During the weekend, both attended meetings to support the plan and generate support from their respective parties.
Is it time is enough to find a hero?
About the Author:
Steve Selengut
Sanco Services
Kiawa Golf Investment Seminars
Author: “The Brainwashing of the American Investor: The Book that Wall Street Does Not Want YOU to Read” and “A Millionaire’s Secret Investment Strategy”.
Article Source: ArticlesBase.com – Last Bank Standing-The Wall Street Mega-Crash
It Took 9 Republicans To Defend Insurance Companies Executive Pay! Senator Blanche Lincoln pt.1
